Savills take great pleasure in bringing to the market this excellent investment opportunity in this most desirable of locations.
No. 34 Botanic Avenue is a Pre-63 investment property currently producing an attractive rental income. This is a brilliant opportunity to purchase a shrewd investment in an excellent and highly sought after location.
No. 34 comes to the market with approximately 144 sq m / 1,550 sq ft of living and bedroom accommodation, laid out in 4 units. The current owner has upgraded the electric heating and insulation within recent years, which has improved the BER rating. Accommodation briefly comprises of an entrance hall and two 1 bed flats on the ground floor, with another 1 bed flat located on the first-floor return, and a 2 bed flat on the first floor. Flat 1 is being sold with the benefit of vacant possession, while flats 2, 3 and 4 are being sold with the tenants in-situ. The property is currently producing a rental income of 56,640 per annum from flats 2, 3 and 4, and is expected to produce a rental income in excess of 70,000 once all flats are fully let. Please contact the office for further information on breakdown of rental incomes.
Botanic Avenue is a short distance to the heart of Dublin City Centre where every conceivable amenity is at hand. The property is convenient to the numerous shops, cafes, and restaurants that Drumcondra village has to offer. Dublin City University, Croke Park, Dublin Airport, Beaumont, Mater & Temple Street Hospitals, the M1 & M50 motorways are also a short distance away. The area is very well serviced by a great public transport system with numerous bus routes nearby, as well as being walking distance to Drumcondra DART station.
BER Details - BER C3 - BER No.105435804 - Energy Performance Indicator: 201.07 kWh/M2/yr